OMB: Big Beautiful Bill to Cut $1.4T From Deficit

On Saturday, Newsmax obtained a memo from the “Office of Management and Budget Staff,” addressed to the “White House Communications Staff,” informing them that messaging should focus on the One Big Beautiful Bill’s impact on cuts to deficit spending.

In the memo, the OMB, headed by its Director Russell Vought, a vocal proponent of the One Big Beautiful Bill, or OBBB, wrote:

“On its own, the OBBB reduces the deficit by over $1.4 trillion. Net mandatory savings of $1.7 trillion are partly offset by increases in one-time spending to finally and fully secure the border to defend our Nation from invasion, and to lower taxes from policies such as no tax on tips or overtime that are partly offset with loophole closers in the tax code.”